February 29, 2012

KNM - Smaller operating losses

Stock Name: KNM
Company Name: KNM GROUP BHD
Research House: HWANGDBSPrice Call: SELLTarget Price: 0.70



KNM Group; Fully Valued; RM0.94
Price Target: RM0.70; KNMG MK

4Q11 earnings beat expectations. Uncertain outlook due to sluggish EU economy and poor project execution. Maintain Fully Valued rating and RM0.70 TP.

Source: HwangDBS Research 29 Feb 2012

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